Advisors Asset Management Inc. Buys 42,042 Shares of Palantir Technologies Inc. $PLTR

Key Points

• Advisors Asset Management Inc. increased its stake in Palantir Technologies by 50.6%, acquiring 42,042 additional shares, bringing their total holdings to 125,056 shares worth approximately $10.6 million.
• Palantir Technologies reported a net margin of 22.18% and a year-over-year revenue growth of 48.0%, with earnings per share beating analysts' estimates at $0.16.
• Insider trading activity included significant sales by executives, with insiders selling over 1.9 million shares valued at approximately $283 million in the last ninety days, reducing their ownership stakes.

Advisors Asset Management Inc. boosted its stake in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 50.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 125,056 shares of the company's stock after acquiring an additional 42,042 shares during the quarter. Advisors Asset Management Inc.'s holdings in Palantir Technologies were worth $10,555,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Allegiance Financial Group Advisory Services LLC boosted its position in shares of Palantir Technologies by 3.0% during the first quarter. Allegiance Financial Group Advisory Services LLC now owns 2,917 shares of the company's stock valued at $246,000 after buying an additional 84 shares during the period. Delta Investment Management LLC boosted its holdings in shares of Palantir Technologies by 1.9% in the first quarter. Delta Investment Management LLC now owns 4,716 shares of the company's stock valued at $398,000 after purchasing an additional 90 shares during the period. Sovran Advisors LLC lifted its holdings in Palantir Technologies by 1.8% during the first quarter. Sovran Advisors LLC now owns 5,453 shares of the company's stock worth $460,000 after buying an additional 94 shares during the period. Lodestone Wealth Management LLC lifted its holdings in Palantir Technologies by 1.1% during the first quarter. Lodestone Wealth Management LLC now owns 8,950 shares of the company's stock worth $755,000 after buying an additional 97 shares during the period. Finally, Continuum Advisory LLC lifted its holdings in Palantir Technologies by 3.8% during the fourth quarter. Continuum Advisory LLC now owns 2,670 shares of the company's stock worth $202,000 after buying an additional 98 shares during the period. Hedge funds and other institutional investors own 45.65% of the company's stock.

Palantir Technologies Stock Performance

Shares of NASDAQ:PLTR opened at $154.90 on Thursday. The company has a 50-day simple moving average of $156.31 and a 200-day simple moving average of $124.19. Palantir Technologies Inc. has a one year low of $29.31 and a one year high of $190.00. The stock has a market capitalization of $367.48 billion, a price-to-earnings ratio of 516.35, a PEG ratio of 8.83 and a beta of 2.59.

Palantir Technologies (NASDAQ:PLTR - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Palantir Technologies had a net margin of 22.18% and a return on equity of 10.75%. The business had revenue of $1 billion during the quarter, compared to analysts' expectations of $939.29 million. During the same period in the prior year, the company earned $0.09 earnings per share. The business's revenue was up 48.0% compared to the same quarter last year. Palantir Technologies has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, research analysts forecast that Palantir Technologies Inc. will post 0.31 EPS for the current fiscal year.

Insider Activity

In related news, insider Ryan D. Taylor sold 33,335 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $135.31, for a total transaction of $4,510,558.85. Following the completion of the transaction, the insider directly owned 363,755 shares of the company's stock, valued at $49,219,689.05. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shyam Sankar sold 405,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $132.08, for a total transaction of $53,492,400.00. Following the transaction, the insider owned 702,786 shares in the company, valued at $92,823,974.88. The trade was a 36.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,909,586 shares of company stock valued at $282,911,513. Company insiders own 9.23% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PLTR shares. Loop Capital upped their price target on Palantir Technologies from $178.00 to $180.00 and gave the stock a "buy" rating in a research report on Tuesday, August 5th. Cantor Fitzgerald lifted their price objective on Palantir Technologies from $110.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Mizuho upgraded Palantir Technologies from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $116.00 to $135.00 in a research note on Wednesday, July 16th. Bank of America raised their target price on Palantir Technologies from $150.00 to $180.00 and gave the company a "buy" rating in a research report on Tuesday, August 5th. Finally, Citigroup restated a "neutral" rating and set a $177.00 target price (up from $158.00) on shares of Palantir Technologies in a research report on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $136.61.

About Palantir Technologies

Palantir Technologies, Inc engages in the business of building and deploying software platforms that serve as the central operating systems for its customers. It operates under the Commercial and Government segments. The Commercial segment focuses on customers working in non-government industries. The Government segment is involved in providing services to customers that are the United States government and non-United States government agencies.

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